GEORGE TOWN: The Federal Government will allocate RM100mil for the newly-formed Collaborative Research in Engineering, Science and Technology Centre (CREST) to help accelerate growth in the electrical and electronics (E & E) industry.
The centre will receive the sum over the next 10 years as part of efforts to widen the scope of research and development.
CREST is a component of the Economic Transformation Programme, and was set up for industry players, academics and the Government to collaborate and promote research, design and development for the E & E sector.
Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop said E & E was a key driver and leading contributor to Malaysia’s own industrial development in the last three decades.
“It contributes significantly to the gross domestic product (GDP), export earnings, investment and employment.
“E & E is the single largest contributor of the manufacturing sector, and accounts for more than 40% of our total exports,” he said at the launch of CREST at the sains@USM facility in Bukit Jambul yesterday.
CREST was mooted in 2008.
It was later established by Khazanah Nasional Bhd as the Centre of Engineering Excellence.
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